GOLD has been doing a downtrend arc, thus it has broken the LOWEST ARC LEVEL. Plus, it has made a retracement and breakout to the downside so this proves that XAUUSD are targeting to the downside! At the inducement level we can seek for a reentry on a short position (SELL). My first target is the daily zone and at this level there can be two consequences that XAUUSD will push higher or pushing more to the downside.
Correct me if I'm wrong!
Correct me if I'm wrong!